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Private equity driving tech deals

Citywire Asia

19 Oct 2017

Shirin Tang was quoted in the Citywire Asia article “Private equity driving tech deals”.

Morrison & Foerster's corporate partner Shirin Tang said Asia continues to remain a key target destination for PE investments this year, and the firm is seeing increased Asia-focused fundraising, particularly in the technology and real estate sectors, by both local PE and venture capital firms and global investors.

‘Year-to-date figures show that Asia accounts for more than half of global PE spending, by both deal value and deal count.  In terms of absolute numbers, the value of PE investments into Asia has increased by around 20% from the same period last year,’ Tang told Citywire Asia.

Tang said the technology sector is the single biggest recipient of PE investment in Asia, accounting for around one-third of all PE investments in the region this year. In fact, PE investment into tech in Asia this year represents more than 60% of total PE investment into the tech sector worldwide.

‘Of that, more than half of PE investments in the Asia tech sector this year have gone into China.  We are also seeing several PE firms active in South and Southeast Asia that have historically focused on other sectors now allocating funds for, and actively looking at, technology investments,’ she added.

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